How to Compare Honolulu Mazda MX-5 Miata Insurance

Having to pay for pricey Mazda MX-5 Miata insurance in Honolulu can eat up your bank account and force you to prioritize other expenses.

Insurance for Mazda MX-5 MiataAstonishing but true according to a recent study, most drivers in Hawaii renewed their policy with the same company for at least four years, and nearly 40% of drivers have never shopped around. Consumers in the U.S. could save an average of approximately $850 each year just by shopping around, but they just don’t understand the benefits if they swap their current policy for a cheaper one.

How to find cheaper Mazda MX-5 Miata insurance in Honolulu

The recommended way to get the cheapest car insurance rates in Honolulu is to compare prices regularly from companies in Hawaii. You can compare rates by following these guidelines.

  1. Try to comprehend how insurance companies determine prices and the factors you can control to prevent rate increases. Many factors that increase rates such as tickets, at-fault accidents, and your credit history can be improved by being financially responsible and driving safely.
  2. Compare rates from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only provide price estimates from a single company like Progressive and State Farm, while agents who are independent can give you price quotes for many different companies.
  3. Compare the new quotes to your existing policy and determine if cheaper MX-5 Miata coverage is available in Honolulu. If you find a lower rate, make sure coverage is continuous and does not lapse.
  4. Provide proper notification to your current company of your intention to cancel your current car insurance policy and submit a down payment and signed policy application to your new insurance company. Make sure you keep the new certificate of insurance with the vehicle registration.

The key thing to know about shopping around is to try to compare the same deductibles and limits on each quote request and and to get price estimates from as many car insurance companies as possible. Doing this enables an apples-to-apples comparison and a complete rate analysis.

Since you have so many online and local companies to choose from, it can be difficult for drivers to pick the right insurance provider.

Consumers should take time to take a look at other company’s rates on a regular basis because insurance prices are variable and change quite frequently. Just because you had the best price on Mazda MX-5 Miata insurance in Honolulu a couple years back you may be paying too much now. Forget all the misinformation about insurance because you’re about to find out one of the easiest ways to get good coverage on Mazda MX-5 Miata insurance in Honolulu at a lower rate.

Pricing affordable car insurance in Honolulu is quite easy. In essence, everyone who quotes car insurance will probably find better rates. Nevertheless, Hawaii consumers can benefit by having an understanding of how insurance companies calculate their prices because it can help you find the best coverage.

Honolulu insurance discounts for a Mazda MX-5 Miata

Companies that sell car insurance don’t necessarily list all discounts in an easy-to-find place, so we researched both well-publicized and also the more inconspicuous discounts that you can inquire about if you buy Honolulu auto insurance online.Save money with discounts

Discounts save money, but please remember that most discounts do not apply to the overall cost of the policy. Some only apply to the cost of specific coverages such as comprehensive or collision. So even though they make it sound like you can get free auto insurance, companies wouldn’t make money that way.

The information below illustrates the comparison of Mazda MX-5 Miata car insurance rates with and without policy discounts. The rates are based on a female driver, no claims or driving citations, Hawaii state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multi-policy, multi-car, claim-free, homeowner, and marriage discounts applied.

Popular auto insurance companies and a summarized list of policyholder discounts are outlined below.

Before purchasing a policy, check with every company to give you their best rates. Depending on the company, some discounts might not be offered on policies in your area.

The quickest method to compare policy rates for Mazda MX-5 Miata insurance in Honolulu is to realize all the major auto insurance companies will pay a fee to give you rate quotes. The only thing you need to do is give them some information such as if a SR-22 is needed, your general credit rating, what you do for a living, and if it has an anti-theft system. Your insurance information is instantly sent to multiple companies and you get price estimates with very little delay.

To check rates for your Mazda MX-5 Miata now, click here and enter the information requested.

The following companies offer price quotes in Hawaii. If multiple companies are shown, it’s highly recommended you visit as many as you can in order to get a fair rate comparison.

Mazda MX-5 Miata insurance coverage information

The premium information displayed below covers estimates of prices for Mazda MX-5 Miata models. Learning how car insurance prices are established can be of help when making smart choices when buying a car insurance policy.

Mazda MX-5 Miata Insurance Rates in Honolulu, HI
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MX-5 Miata Sport 2-Dr Convertible $192 $332 $230 $14 $68 $836 $70
MX-5 Miata Touring 2-Dr Convertible $220 $404 $230 $14 $68 $936 $78
MX-5 Miata Grand Touring 2-Dr Convertible $220 $404 $230 $14 $68 $936 $78
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Data rating is based on married female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Hawaii minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, safe-driver, and multi-vehicle. Estimates do not factor in the specific area where the vehicle is garaged which can alter prices noticeably.

Policy deductibles

When comparing insurance rates, the most common question is how high should your deductibles be. The tables below may help you to understand the price difference of buying low and high comp and collision deductibles. The first rate comparisons uses a $250 deductible for comp and collision and the second rate chart uses a $500 deductible.

Mazda MX-5 Miata insurance premium estimates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MX-5 Miata Sport 2-Dr Convertible $178 $284 $226 $14 $68 $795 $66
MX-5 Miata Touring 2-Dr Convertible $204 $344 $226 $14 $68 $881 $73
MX-5 Miata Grand Touring 2-Dr Convertible $204 $344 $226 $14 $68 $881 $73
Get Your Own Custom Quote Go

Mazda MX-5 Miata insurance premium estimates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
MX-5 Miata Sport 2-Dr Convertible $144 $228 $226 $14 $68 $680 $57
MX-5 Miata Touring 2-Dr Convertible $166 $278 $226 $14 $68 $752 $63
MX-5 Miata Grand Touring 2-Dr Convertible $166 $278 $226 $14 $68 $752 $63
Get Your Own Custom Quote Go

Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Hawaii minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, multi-policy, and homeowner. Information does not factor in garaging location in Honolulu which can raise or lower premium rates noticeably.

Using the premium rates above, we can conclude that using a $250 deductible costs about $10 more each month or $120 for a full year across all Mazda MX-5 Miata models than buying the higher $500 deductible. Because you would pay $250 more out-of-pocket with a $500 deductible as compared to a $250 deductible, if you tend to have at a minimum 25 months between claims, you would come out ahead if you choose the higher deductible. The illustration below shows how you can do this calculation yourself.

Average monthly premium for $250 deductibles: $71
Average monthly premium for $500 deductibles (subtract): – $61
Monthly savings from raising deductible: $10
Difference between deductibles ($500 – $250): $250
Divide difference by monthly savings: $250 / $10
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 25 months

One important note is that increasing deductibles to save money means you will have to pay more of your own money when you have to file a claim. You need enough money put aside in the event you need to pay the higher deductible in order to repair your vehicle.

Impact of careless driving on insurance rates

The information below highlights how traffic violations and accident claims drive up Mazda MX-5 Miata insurance costs for different age groups. The premium estimates are based on a single male driver, comp and collision included, $500 deductibles, and no additional discounts are factored in.

Insurance rates by gender and age in Honolulu

The example below illustrates the difference between Mazda MX-5 Miata insurance premiums for male and female drivers. The premiums assume no claims or violations, full physical damage coverage, $1,000 deductibles, single status, and no policy discounts are applied.

Local Honolulu insurance agents

A lot of people just want to buy from a local agent and that is OK! An additional benefit of price shopping on the web is you may find cheap auto insurance quotes and still have a local agent. Buying insurance from local agents is especially important in Honolulu.

Honolulu insurance agentsTo help locate an agent, after submitting this quick form, the coverage information is emailed to participating agents in Honolulu that provide free Honolulu auto insurance quotes for your insurance coverage. There is no reason to contact any insurance agencies because prices are sent directly to your email. It’s the lowest rates AND a local agent. In the event you want to get a comparison quote from a particular provider, you just need to search and find their rate quote page and fill out their quote form.

Finding the right provider needs to be determined by more than just a low price. These questions are important to ask:

Honolulu car insurance company ratings

Ending up with a high-quality auto insurance provider can be difficult considering how many companies sell coverage in Hawaii. The company ratings shown next could help you analyze which auto insurers you want to consider when shopping your coverage around.

Top 10 Honolulu Car Insurance Companies Ranked by Customer Satisfaction

  1. USAA – 94%
  2. AAA Insurance – 91%
  3. State Farm – 90%
  4. Nationwide – 90%
  5. The Hartford – 89%
  6. GEICO – 89%
  7. Liberty Mutual – 88%
  8. Allstate – 88%
  9. Esurance – 87%
  10. Progressive – 87%

Auto insurance coverages

Learning about specific coverages of your auto insurance policy helps when choosing appropriate coverage for your vehicles. Auto insurance terms can be confusing and coverage can change by endorsement. Below you’ll find the normal coverages found on most auto insurance policies.

Auto collision coverage

Collision coverage pays for damage to your MX-5 Miata resulting from a collision with another vehicle or an object, but not an animal. You have to pay a deductible then your collision coverage will kick in.

Collision coverage pays for claims such as scraping a guard rail, crashing into a building, hitting a parking meter and backing into a parked car. Collision coverage makes up a good portion of your premium, so consider removing coverage from older vehicles. It’s also possible to bump up the deductible on your MX-5 Miata to save money on collision insurance.

Comprehensive auto insurance

This coverage pays for damage caused by mother nature, theft, vandalism and other events. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things such as falling objects, damage from a tornado or hurricane, hitting a bird and hitting a deer. The maximum amount you’ll receive from a claim is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Coverage for medical expenses

Personal Injury Protection (PIP) and medical payments coverage reimburse you for bills like hospital visits, ambulance fees and EMT expenses. They can be used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. It covers you and your occupants and also covers if you are hit as a while walking down the street. Personal Injury Protection is only offered in select states and gives slightly broader coverage than med pay


Liability insurance can cover damages or injuries you inflict on other people or property. Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see values of 20/40/10 that translate to $20,000 bodily injury coverage, a per accident bodily injury limit of $40,000, and a limit of $10,000 paid for damaged property. Another option is one number which is a combined single limit which limits claims to one amount and claims can be made without the split limit restrictions.

Liability insurance covers things like funeral expenses, court costs and attorney fees. How much coverage you buy is a personal decision, but you should buy as large an amount as possible. Hawaii requires drivers to carry at least 20/40/10 but drivers should carry more coverage.

The chart below demonstrates why low liability limits may not be enough.

Coverage for uninsured or underinsured drivers

This protects you and your vehicle’s occupants when the “other guys” are uninsured or don’t have enough coverage. Covered losses include injuries to you and your family and damage to your Mazda MX-5 Miata.

Because many people only purchase the least amount of liability that is required (20/40/10), it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages should not be overlooked. Usually these coverages do not exceed the liability coverage limits.

Persistence is the key to affordable rates

We just showed you some good ideas how to save on Mazda MX-5 Miata insurance in Honolulu. The key thing to remember is the more rate quotes you have, the higher your chance of finding low cost Honolulu auto insurance quotes. You may even be surprised to find that the biggest savings come from a smaller regional carrier. Regional companies often have lower rates on specific markets than the large multi-state companies such as Progressive or GEICO.

Cheap Mazda MX-5 Miata insurance in Honolulu can be purchased on the web and also from your neighborhood Honolulu agents, so you need to quote Honolulu auto insurance with both to get a complete price analysis. Some auto insurance companies do not provide the ability to get quotes online and usually these regional carriers only sell through independent insurance agents.

When trying to cut insurance costs, don’t be tempted to reduce coverage to reduce premium. In too many instances, an insured dropped physical damage coverage and learned later that their decision to reduce coverage ended up costing them more. Your objective should be to buy a smart amount of coverage at a price you can afford, but don’t skip important coverages to save money.

How to buy lower priced Mazda MX-5 Miata insurance in Honolulu

Truthfully, the best way to get budget car insurance rates is to start doing an annual price comparison from different companies that sell auto insurance in Honolulu. Rates can be compared by completing these steps.

  1. Try to learn a little about car insurance and the measures you can control to prevent expensive coverage. Many factors that result in higher prices such as traffic violations, accidents, and an unacceptable credit score can be controlled by paying attention to minor details.
  2. Request price quotes from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only give prices from one company like GEICO and State Farm, while independent agencies can provide price quotes from many different companies.
  3. Compare the new rates to the price on your current policy to see if a cheaper rate is available. If you can save some money and switch companies, make sure there is no coverage gap between policies.

A valuable tip to remember is that you’ll want to compare identical coverage information on every quote request and and to get price quotes from every company you can. This helps ensure an accurate price comparison and maximum price selection.

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